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1293345

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a tapering-off period for the Stamp Duty Land Tax holiday beyond 31 March 2021, for people who have begun the buying process beforehand, but not completed it.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	160825
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The temporary increase in the SDLT nil rate band will be extended to continue to support the housing market, while ensuring that purchases that are unable to be completed before 31 March because of delays in the sector are still able to receive the relief.</p><p> </p><p>The nil rate band will continue to be set at £500,000 until 30 June 2021. In order to ease the housing market back to the standard rates, from 1 July 2021, the nil rate band will step down to £250,000 before returning to the standard rate of £125,000 from 1 October 2021.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/03/2021 16:49:00 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1293330

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	West Midlands Combined Authority: Railway Stations
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what representations he has recently received from the West Midlands Combined Authority on the funding of three new train stations to serve the Camp Hill Line in Birmingham; and when the West Midlands Combined Authority is planned to receive the full funding to implement plans for the Camp Hill Line.
	tabling member constituency	Birmingham, Selly Oak
	tabling member printed	Steve McCabe
	uin	160523
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is committed to improving local connectivity and supporting economic growth in the West Midlands. Yesterday’s Budget confirmed £59m of funding towards five new rail stations in the region, of which three will serve the Camp Hill Line.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 04/03/2021 09:41:53 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	298 label Biography information for Steve McCabe

1293485

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bradford and Bingley: Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much money was invested in Bradford and Bingley from the public purse (a) in the run up and (b) subsequent to the financial crash; and how much money has since been recovered from Bradford and Bingley.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	160588
	answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>Bradford &amp; Bingley plc (B&amp;B) fully repaid its loans from the Treasury in 2019.</p><p> </p><p>The OBR’s Economic and Fiscal Outlook notes that B&amp;B and NRAM Limited received £44.1bn of taxpayer support. As of 31 January 2021, B&amp;B and NRAM had returned £51.4bn to taxpayers in the form of principal repayments and fees.</p><p> </p><p>We are continuing to protect consumers while recovering significant amounts of money loaned to institutions as a result of the financial crisis by taxpayers, who have borne the risk of these institutions since their nationalisation.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 09/03/2021 14:56:32 answering member 4051 label Biography information for John Glen
	tabling member	1565 label Biography information for Sir Philip Davies

1293296

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent steps his Department has taken to ensure that people can continue to access cash; and if he will publish the Government's timeframe for bringing forward legislative proposals to protect access to cash.
	tabling member constituency	Inverclyde
	tabling member printed	Ronnie Cowan
	uin	160730
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government has committed to legislate to protect access to cash and ensure that the UK’s cash infrastructure is sustainable for the long term. To progress this work, the Government published a Call for Evidence on Access to Cash in October 2020. The Call for Evidence sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system. The Government is considering responses to the Call for Evidence and will set out next steps in due course.</p><p> </p><p>During the COVID-19 pandemic, the Treasury has been working closely with regulators and industry to ensure customers continue to have access to essential banking services, including cash, while also protecting the safety of staff and customers. This has meant the vast majority of people have been able to access cash through the pandemic.</p><p> </p><p>The Government created the Joint Authorities Cash Strategy Group in 2019, which has provided a forum for the public bodies to formally co-ordinate respective approaches to access to cash. This is chaired by HM Treasury and attended by the Bank of England, Payment Systems Regulator and Financial Conduct Authority. The members published an update on the actions of its members in July 2020. This included work led by the PSR and FCA to develop a comprehensive picture of cash access infrastructure across the UK.</p> answering member constituency Salisbury answering member printed John Glen question first answered 04/03/2021 10:15:36 answering member 4051 label Biography information for John Glen
	tabling member	4465 label Biography information for Ronnie Cowan

1293678

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Blackmore Bond: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of protection for investors since the collapse of Blackmore Bond plc.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	160731
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is aware of the failure of Blackmore Bond plc and the latest report submitted by the Joint Administrators in December. Blackmore Bond plc issued non-transferable debt securities (sometimes known as mini-bonds). It is not a regulated activity for firms to issue their own non-transferable debt securities. However, in the UK, responsibility for regulating the promotion and marketing of mini-bonds lies with the Financial Conduct Authority (FCA).</p><p> </p><p>On 1 January 2021 the FCA made permanent rules banning the promotion of high risk ‘speculative illiquid securities’ (including some mini-bonds) to ordinary retail consumers. These rules were introduced in response to the failure of London Capital &amp; Finance and concerns about the suitability of speculative illiquid securities for retail investors. This ban prevents future companies like Blackmore Bond plc marketing their products to retail investors. The Treasury is currently undertaking a review into the regulatory framework for mini-bonds and will launch a consultation later this year on the regulation of non-transferable debt securities.</p><p> </p><p>In view of the FCA’s role as an independent non-governmental body it would not be appropriate for Government to comment on the FCA’s handling of Blackmore Bond plc. Investors who have concerns about the FCA’s handling of the failure of Blackmore Bond plc can make a complaint using the FCA Complaints Scheme.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160732 160734 question first answered 04/03/2021 10:25:59 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1293679

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Blackmore Bond
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government plans to take in response to the statutory report submitted by the Joint Administrators of Blackmore Bond plc.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	160732
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is aware of the failure of Blackmore Bond plc and the latest report submitted by the Joint Administrators in December. Blackmore Bond plc issued non-transferable debt securities (sometimes known as mini-bonds). It is not a regulated activity for firms to issue their own non-transferable debt securities. However, in the UK, responsibility for regulating the promotion and marketing of mini-bonds lies with the Financial Conduct Authority (FCA).</p><p> </p><p>On 1 January 2021 the FCA made permanent rules banning the promotion of high risk ‘speculative illiquid securities’ (including some mini-bonds) to ordinary retail consumers. These rules were introduced in response to the failure of London Capital &amp; Finance and concerns about the suitability of speculative illiquid securities for retail investors. This ban prevents future companies like Blackmore Bond plc marketing their products to retail investors. The Treasury is currently undertaking a review into the regulatory framework for mini-bonds and will launch a consultation later this year on the regulation of non-transferable debt securities.</p><p> </p><p>In view of the FCA’s role as an independent non-governmental body it would not be appropriate for Government to comment on the FCA’s handling of Blackmore Bond plc. Investors who have concerns about the FCA’s handling of the failure of Blackmore Bond plc can make a complaint using the FCA Complaints Scheme.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160731 160734 question first answered 04/03/2021 10:25:59 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1293682

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Blackmore Bond: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the Financial Conduct Authority’s response to concerns raised in 2017 on the sales practices being used by Blackmore Bond plc and its representatives.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	160734
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is aware of the failure of Blackmore Bond plc and the latest report submitted by the Joint Administrators in December. Blackmore Bond plc issued non-transferable debt securities (sometimes known as mini-bonds). It is not a regulated activity for firms to issue their own non-transferable debt securities. However, in the UK, responsibility for regulating the promotion and marketing of mini-bonds lies with the Financial Conduct Authority (FCA).</p><p> </p><p>On 1 January 2021 the FCA made permanent rules banning the promotion of high risk ‘speculative illiquid securities’ (including some mini-bonds) to ordinary retail consumers. These rules were introduced in response to the failure of London Capital &amp; Finance and concerns about the suitability of speculative illiquid securities for retail investors. This ban prevents future companies like Blackmore Bond plc marketing their products to retail investors. The Treasury is currently undertaking a review into the regulatory framework for mini-bonds and will launch a consultation later this year on the regulation of non-transferable debt securities.</p><p> </p><p>In view of the FCA’s role as an independent non-governmental body it would not be appropriate for Government to comment on the FCA’s handling of Blackmore Bond plc. Investors who have concerns about the FCA’s handling of the failure of Blackmore Bond plc can make a complaint using the FCA Complaints Scheme.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160731 160732 question first answered 04/03/2021 10:25:59 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1293520

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt: Gifts and Endowments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many payments were made to the Government's Donations and Bequests Account in respect of the National Debt in financial year 2019-20; and what the value of those payments was.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	160601
	answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>The United Kingdom Debt Management Office (DMO), on behalf of the Commissioners of the Reduction of the National Debt (CRND), can confirm that nine payments were made to the Government’s Donations and Bequests Account in respect of the National Debt in financial year 2019-20. The total value of the payments received was £49,000, which is reflected in the CRND Annual Report and Accounts available via the following link:</p><p> </p><p><a href="https://dmo.gov.uk/publications/?offset=0&amp;itemsPerPage=20&amp;parentFilter=1437&amp;childFilter=1437|1465&amp;startMonth=1&amp;startYear=1998" target="_blank">https://dmo.gov.uk/publications/?offset=0&amp;itemsPerPage=20&amp;parentFilter=1437&amp;childFilter=1437|1465&amp;startMonth=1&amp;startYear=1998</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 09/03/2021 14:49:35 answering member 4051 label Biography information for John Glen
	tabling member	3926 label Biography information for Paul Maynard

1293322

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of bringing forward legislative proposals on protecting access to cash; if he will publish the Government's timeframe for bringing forward those proposals; and what plans the Government has to ensure that cash remains a viable payment method for people who are reliant on it.
	tabling member constituency	North Ayrshire and Arran
	tabling member printed	Patricia Gibson
	uin	160712
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government has committed to legislate to protect access to cash and ensure that the UK’s cash infrastructure is sustainable for the long term. To progress this work, the Government published a Call for Evidence on Access to Cash in October 2020. The Call for Evidence sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system. The Government is considering responses to the Call for Evidence and will set out next steps in due course.</p><p> </p><p>The Government created the Joint Authorities Cash Strategy Group in 2019, which has provided a forum for the public bodies to formally co-ordinate respective approaches to access to cash. This is chaired by HM Treasury and attended by the Bank of England, Payment Systems Regulator and Financial Conduct Authority. The members published an update on the actions of its members in July 2020. This included work led by the PSR and FCA to develop a comprehensive picture of cash access infrastructure across the UK.</p><p> </p><p>During the COVID-19 pandemic, the Treasury has been working closely with regulators and industry to ensure customers continue to have access to essential banking services, including cash, while also protecting the safety of staff and customers. This has meant the vast majority of people have been able to access cash through the pandemic.</p><p> </p><p>With regards to ATMs, LINK (the scheme that runs the UK’s largest ATM network) has existing arrangements in place to protect free-to-use ATMs that do not have another free-to-use ATM or Post Office within one kilometre. LINK’s members have also made £5 million available to fund ATMs at the request of communities with poor access to cash. The Payment Systems Regulator has powers to regulate LINK and is holding it to account over its commitment to protect the broad geographic spread of free-to-use ATMs.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160713 160714 question first answered 04/03/2021 10:25:35 answering member 4051 label Biography information for John Glen
	tabling member	4435 label Biography information for Patricia Gibson

1293323

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of Which?’s recent research showing a nationwide reduction in free-to-use cashpoints; and if he will publish the Government's timeframe for bringing forward legislative proposals to protect access to cash.
	tabling member constituency	North Ayrshire and Arran
	tabling member printed	Patricia Gibson
	uin	160713
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government has committed to legislate to protect access to cash and ensure that the UK’s cash infrastructure is sustainable for the long term. To progress this work, the Government published a Call for Evidence on Access to Cash in October 2020. The Call for Evidence sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system. The Government is considering responses to the Call for Evidence and will set out next steps in due course.</p><p> </p><p>The Government created the Joint Authorities Cash Strategy Group in 2019, which has provided a forum for the public bodies to formally co-ordinate respective approaches to access to cash. This is chaired by HM Treasury and attended by the Bank of England, Payment Systems Regulator and Financial Conduct Authority. The members published an update on the actions of its members in July 2020. This included work led by the PSR and FCA to develop a comprehensive picture of cash access infrastructure across the UK.</p><p> </p><p>During the COVID-19 pandemic, the Treasury has been working closely with regulators and industry to ensure customers continue to have access to essential banking services, including cash, while also protecting the safety of staff and customers. This has meant the vast majority of people have been able to access cash through the pandemic.</p><p> </p><p>With regards to ATMs, LINK (the scheme that runs the UK’s largest ATM network) has existing arrangements in place to protect free-to-use ATMs that do not have another free-to-use ATM or Post Office within one kilometre. LINK’s members have also made £5 million available to fund ATMs at the request of communities with poor access to cash. The Payment Systems Regulator has powers to regulate LINK and is holding it to account over its commitment to protect the broad geographic spread of free-to-use ATMs.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160712 160714 question first answered 04/03/2021 10:25:35 answering member 4051 label Biography information for John Glen
	tabling member	4435 label Biography information for Patricia Gibson